Main Street Registry

Sunny Day Stay Inc

Saint Petersburg, FL · Bed-and-Breakfast Inns · NAICS 721191

Sunny Day Stay Inc, located in Saint Petersburg, Florida, operates in the bed-and-breakfast inns industry (NAICS 721191). The company was financed with an SBA 7(a) loan for a change of ownership of $2.51 million, approved on August 28, 2024, by Midwest Regional Bank.

SBA 7(a) loan, change of ownership, approved Aug 28, 2024

$2,510,000 approvedLender: Midwest Regional Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,510,000
SBA-guaranteed amount
$1,882,500 (75% of the approval)
Lender
Midwest Regional Bank, Festus, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
August 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,056 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721191, Bed-and-Breakfast Inns
Project location
Pinellas County, FL
SBA district office
South Florida District Office
Congressional district
FL-13
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 60% of acquisition loans in Bed-and-Breakfast Inns on this site.
  • Average acquisition loan in Bed-and-Breakfast Inns: $2,626,570.
  • Average acquisition loan in Florida: $1,808,559.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Florida